Financial services provider Ocorian has purchased Hong Kong-based A-Pass from Capricorn Capital Partners HK Limited for an undisclosed sum.
The acquired firm provides company secretarial, accounting, payroll, trust and tax services to its high net worth and corporate clients as well as supporting them on company formations.
Frederik van Tuyll, chairman and chief executive at Ocorian, said “This is a strategic move for us and reflects our view that Asia is a key global growth market. A-Pass is highly complementary to Ocorian, both in terms of capabilities and clients, and we have a shared ethos of excellent client service.
“A-Pass has a very strong management team, and I am delighted that they will continue to lead the business and play a key role in our continued growth across the region.”
Andrew Burgin, managing director at A-Pass, added: “Becoming part of Ocorian means we can provide a wider range of services to our clients, especially those that use services outside of Hong Kong and Singapore. We are extremely excited by the combination with Ocorian which we believe will be beneficial for all parties involved.”